Khaleej Times: Five money lessons we can learn from our mothers

Ambareen Musa, Founder and CEO of Souqalmal.com, talks about five of the biggest lessons about money our mothers taught us.

Ambareen Musa, Founder and CEO of Souqalmal.com, talks about five of the biggest lessons about money our mothers taught us:

The UAE celebrated Mother’s Day on March 21 and the Souqalmal.com team is dedicating this one to the wisdom of mums everywhere. After all, they’re our first teachers!

Our mothers have been our finance managers, up until the time we became financially independent and left the nest. Your mother would have made sure your day-to-day needs were met, while keeping your future in sight as well. And if times were tough growing up, you would have seen her save, scrimp and scrape together money to provide you the best life she could afford.

This Mother’s Day, let’s take a look at five of the biggest lessons about money our mothers taught us:

“Don’t forget to save for rainy days.”

Mothers always stress on the importance of saving up enough to help you sail through difficult times. And that advice makes sense on two levels. One, the uncertainty our future holds makes it essential for us to be financially prepared for emergencies. Two, if you have enough saved up for emergencies, you wouldn’t ruin your long-term financial plans in case of an unfortunate life event.